HPS/PayMedix Closes on $25 Million in New Funding

Credit funds managed by SVB Capital lead new funding round to finance growth of PayMedix Healthcare Payment Solution Health Payment Systems, Inc. (HPS)/PayMedix today announced it has raised another $25 million of funding to accelerate the growth of its groundbreaking PayMedix healthcare financing solution. Credit funds managed by SVB Capital, the venture capital and credit investing arm of SVB, led the financing, and were also joined by all current HPS|PayMedix investors including SV Health Investors, Hexagon Inc., and Caltius Equity.   PayMedix increases health equity for all consumers by guaranteeing full and prompt payments of all in-network allowed charges for participating healthcare providers. All consumers can schedule needed services, and their providers all know that full payment is guaranteed. All consumers at a sponsoring employer receive one simplified summary of all of their healthcare activity and know that PayMedix has served as a financial safety net if they needed one. All of these patients are guaranteed access to PayMedix, regardless of their credit histories.   The company is expanding to meet rapidly growing demand from healthcare providers and employers to change the way people access, pay for and benefit from healthcare. PayMedix has already processed more than $5 billion in payments and continues to enhance its financial technology platform to offer a complete solution that serves all parts of the healthcare payment equation.  “PayMedix has cre...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Caltius Equity Financial Technology Platform Health IT Funding Health IT Fundings Health IT Investment Health Payment Systems Healthcare Payment Hexagon Inc. HPS HPS/Paymedix J.P. Michael SV Health Source Type: blogs